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2 Domestic Auto Stocks Efficiently Weathering Industry Hurdles
BLBDBlue Bird(BLBD) ZACKS·2024-08-12 14:42

The highly cyclical Zacks Domestic Auto industry is grappling with economic uncertainty amid elevated interest rates that might delay big-ticket purchases. High inventory levels are leading to vehicle discounts, squeezing automakers' margins. Slower-than-expected adoption of electric vehicles (EVs) adds to the industry's challenges, and rising labor costs are only making matters worse. Despite this bleak outlook, two industry players — General Motors (GM) and Blue Bird Corp (BLBD) — are defying the odds and ...